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This is the time of life you’ve been waiting for.No more work.No more stress.No more clock-punching.And no more commute! (This might actually be the biggest perk!)The mornings and afternoons spent stuck in traffic, adding unnecessary hours to your work day and driving your blood pressure high and higher, are finally over.Not to mention:The outrageous expenses on gas and car maintenance, which you can now save.

Unfortunately, you completely forgot another aspect that might save you even more money:Your auto insurance!

If you recently retired (or if your driving habits have significantly changed otherwise,) give us a call so we can adjust your auto policy to match your new lifestyle.You can actually ‘lose’ quite a bit of money in higher payments if you retire and don’t call your insurance agent.Here’s what to look out for:

-If you no longer commute, you’ll likely drive significantly less than you used to, now that you’re retired.Less mileage means less time on the road, and, in insurance terms, less exposure to risk.If the usage of your car drops from a 50 mile per day / five-day per week commute to ‘pleasure use’, you can reap big savings on your auto policy!

-Another way to save is to complete a Defensive Driver Class.(You actually don’t have to be retired to benefit from this.Anyone 55 years young can take a class and save money on their auto insurance.

-Adjust your deductible. The higher deductible, the lower your monthly insurance payments. It may pay for you to increase your deductible. (Your deductible is the amount of money you pay after an accident, before the money from the insurance kicks in.)

-If you have an older car or a car that you barely use, but hesitate to sell, give us a call. We can help you evaluate the situation, and make a recommendation on how to save insurance dollars, while still providing you with adequate protection. Please be sure to give us a call before you decide to drop any coverage.

As you re-evaluate your auto insurance during retirement, please be very careful to keep adequate liability limits on your policy. That is the last thing that you want to happen is be considered at-fault in an accident, and be held responsible for a sum of money that exceeds your policy limits. Don’t jeopardize your retirement funds, and don’t risk having to return to work!